SINGAPORE -- Singapore on Tuesday passed a law that extends its cryptocurrency regulations to companies with a local presence that provide digital token services outside the city-state, as authorities further tighten rules around the emerging industry.
Cryptocurrencies
Singapore's crypto players face added scrutiny under new law
Companies that provide overseas digital currency services must obtain licenses
While some crypto players based in Singapore decry the city-state's tightening of regulations, others welcome the scrutiny as a way to weed out bad actors.
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